Bitwage, a payroll service provider that allows anyone in the world to convert their paycheck into Bitcoin without employer consent has partnered with Luana Pinheiro to make her the first female Ultimate Fighting Championship (UFC) fighter to be paid in Bitcoin.
The Brazilian fighter has joined her boyfriend Matheus Nicolau in adopting a Bitcoin Standard making note that a low-time preference mentality has transcended from their training experience into their financial practices.
“I do not think I will have a problem with Bitcoin going down or up,” says Pinheiro. “If it was not volatile it would not go up either. Think about this: it takes on average 10-15 years for an individual to get a black belt in Brazilian Jiu Jitsu, so my time preference here is equally long if not longer.”
Pinheiro commented on her personal experience with inflation in Brazil. “I was born around 1994, at that time Brazilian currency Real was introduced and pegged 1:1 to the U.S. dollar at that time. Now it is 5 BRL for 1 USD. What do we use Bitcoin again for?!”
Nicolau embraced and echoed his partner’s sentiment behind the adoption of a Bitcoin Standard and low-time preference, which Pinheiro refers to as a “Black belt time preference.”